(MENAFN- B2Press) DUBAI- OKX, a leading cryptocurrency exchange and innovative Web3 technology company, announced today that the monthly futures trading volume in its Liquid Market, serving as a spot OTC, futures spread, and options liquidity network, reached a record level of $1.54 billion in September 2023. This accomplishment represents 62%* of the institutional market's futures trading that month.
Since the introduction of the Buy-Sell Strategy (Nitro Spreads) in July 2023, providing a space under OKX's Liquid Market for institutional investors to implement base trades, futures spread, and funding rate arbitrage strategies, OKX has been the market leader in total futures trading volumes from August 28 to October 11, 2023.
OKX's futures trading volumes stood out on four occasions (September 12, September 19, September 28, and October 10, 2023) when OKX futures trading notional volumes exceeded 100 million USDT, reaching the "high-water mark" of volumes.
These milestones have emphasized OKX's Liquid Market as a space where institutional investors seeking superior liquidity advantages for various transactions, including futures spread, spot OTC base, and options, can turn.
Lennix Lai, Chief Commercial Officer of OKX, stated: "I believe that the recent futures trading figures once again confirm that OKX's Liquid Market is a preferred trading venue for institutional investors, offering a diverse counterparties ecosystem that follows a range of trading strategies. In an extremely competitive market environment, we have worked diligently to enhance the products, liquidity, and intuitive trading features investors demand. By continuing to listen to our investors and adapting our platform to their needs, we will further expand our customer base."
KX announced on October 6th that it had surpassed $2 billion USD in total transaction volume since the Buy-Sell Strategy (Nitro Spreads) launch in July 2023.
The Buy-Sell Strategy (Nitro Spreads) enables institutional investors to implement advanced strategies and facilitates delta rolls in OKX's Liquid Market. Through a central order book, the Buy-Sell Strategy (Nitro Spreads) minimizes leg risk between markets, providing advanced capital efficiency to institutional investors. Traders can reduce unexpected slippage or price movements by selecting a guaranteed bid-ask spread before executing a buy-sell-trade. Transactions are then matched and settled immediately.
About OKX
OKX is a global cryptocurrency exchange and innovative Web3 technology company that is leading in the industry. Trusted by over 50 million users worldwide, OKX is recognized by traders globally as one of the fastest and most reliable cryptocurrency trading applications.
With top-tier partnerships, such as the English Premier League champion Manchester City FC, McLaren Formula 1, Olympic medalist Scotty James, and F1 driver Daniel Ricciardo, OKX aims to elevate fan experience through fan-focused new collaboration opportunities. Additionally, OKX is involved in an initiative to attract more content creators to Web3 and is the leading partner of the Tribeca Festival.
In the Web3 Wallet platform, OKX offers users products and solutions that allow them to trade GameFi and DeFi tokens while exploring the NFT and metaverse worlds.
Committed to transparency and security, OKX publishes monthly Proof of Reserves (PoR) audit reports
Contact: Tülay Genç | [email protected] | +31 30 799 6022
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